Q. Consider the following statements regarding the Foreign Contribution (Regulation) Amendment Bill, 2020:
1. It regulates the acceptance and utilization of foreign contribution by individuals, associations and companies.
2. Foreign contribution is the donation or transfer of any currency, security or article by a foreign source.
Which of the statements given above is/are correct?
Answer: C
Notes:
The Foreign Contribution (Regulation) Amendment Bill, 2020 was introduced in Lok Sabha on September 20, 2020. The Bill amends the Foreign Contribution (Regulation) Act, 2010.
- The Act regulates the acceptance and utilisation of foreign contribution by individuals, associations and companies. Foreign contribution is the donation or transfer of any currency, security or article (of beyond a specified value) by a foreign source.
- Under the Act, certain persons are prohibited to accept any foreign contribution. These include: election candidates, editor or publisher of a newspaper, judges, government servants, members of any legislature, and political parties, among others.
- The Bill adds public servants (as defined under the Indian Penal Code) to this list.
- Public servant includes any person who is in service or pays of the government, or remunerated by the government for the performance of any public duty.
Source: PRSINDIA